Please solve part 1 and 2.

PRICING DECISIONS Jackson, Inc., manufactures and sells Garden Gnomes. The company is planning its prices for the upcoming year. The company has a favorable reputation among customers and therefore has some control over its prices. Jackson, Inc., has provided the following information related to its current price, costs, assets, and expected return on investment. Required: Would Jackson emphasize target pricing or cost-plus pricing? Explain your decision. What price should Jackson charge? Show calculations Target pricing or cost-plus pricing _____________ Price Jackson should charge: __________ Round to two decimal places